Subsidy Challenges for Large Solar Farms

Posted June 2, 2014 at 9:15am

ICYMI: The Financial Times reported that “subsidies for large solar farms are to be scrapped in what the industry described as a crippling blow after ministers said the projects were being built so quickly they could become unaffordable.”  

“The energy department unveiled plans to close off funding for large farms, which have provoked protests in some parts of the countryside, under its Renewable Obligation scheme from April next year – nearly two years earlier than expected.”  

“Companies building big solar projects will still be eligible for subsidies under a new scheme that offers long-term contracts for power generators.”